Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the firm's MPL is 10 while its MPK is 5.
a. Write the firm's isocost equation. What is the slope of the isocost?
b. Determine if the firm's mix of inputs is optimal. Explain.
c. If your answer to "b" is no, what should the firm do to improve its performance? Explain.
d. Now suppose as a result of a mandated increase in the minimum wage the wage increases to $80. What would be the implication of this change for this firm?
W hat will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
What would be the new equilibrium exchange rate that would make purchasing power parity grasp for laptops.
Further assume that they are not able to ‘collude' on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches Nash equilibrium.
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
Elucidate the multiplier concept as it applies in this case also what are the qualifications and limitations of the m.
Why would secrecy in operating a business be important to an owner? What form of organization would be most appropriate for a business requiring great secrecy?
Illustrate what is total subsidy that firm receives at this optimal level of emissions? total abatement cost of firm at optimal level of emissions.
Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
Find equilibrium Y in the basic Keynesian model (round Y to the nearest whole number) What are the values of BS and NX at the equilibrium level of Y? Find the value of savings at equilibrium Y.
If collusion is not allowed, what kind of market arrangement do you think is likely to result from competitive interactions among these four firms? Calculate the profits of these firms in either case (a and b).
Assuming that no currency leakage occurs, how much will the bank be able to lend to its customers following the Fed's purchase?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd